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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe African Export and Import Bank (Afreximbank) is working to ensure the success of the African Continental Free Trade Area (AfCFTA). Thus, she announced on the sidelines of the intra-African fair, a mechanism to cushion tax losses.
Afreximbank wants to propel trade in Africa. The Pan-African bank plans to create an $8 billion financial mechanism to adjust the ZLECAF. Such an adjustment will relieve African countries from fiscal losses resulting from the tariff eliminations associated with the AfCFTA and help the private sector to reorganize its operations, as the same Bank also redirects its own actions towards the continental market. At the Intra-African Fair, Afreximbank Chairman of the Board, Benedict Oramah announces that the Bank has also established the Africa Export Development Fund, with a view to supporting the manufacturing industry, including light industry and agribusiness, to facilitate access to capital financing.
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